WASHINGTON — Members of the Federal Open Market Committee discussed a range of policy options during the Aug. 9 meeting as they tried to agree on stimulus efforts without appearing overzealous in the face of market volatility.
At the meeting, the FOMC announced it would keep the federal funds rate range between zero and 0.25% until mid-2013.
The discussion included one proposal to attach economic conditions on employment and inflation.
FOMC members considered “conditioning the outlook for the level of the federal funds rate on explicit numerical values for the unemployment rate or the inflation rate,” the minutes said.
